INVEST
CRADLE COAST

The Cradle Coast region presents significant opportunities across a diverse range of industries from advanced manufacturing, agriculture, forestry, mining, retail and tourism to the rapidly expanding renewable energy and agri-tourism sectors.

Commerce and industry in the region is supported by outstanding infrastructure including a network of highways and roads, a number of ports, including Tasmania’s largest port at Burnie, and two regional airports serviced by major and regional commercial airlines.

All of this, less than one hour’s flight to Melbourne, makes this region a logical choice to establish or expand your business.

 

INVESTING IN the CRADLE COAST

There’s many reasons to invest in businesses, land and development on the Cradle Coast. From affordability, ease of trade, proximately to mainland Australia and opportunities for growth and expansion, it really is a unique and rewarding area to invest in.

what’s your next investment opportunity?

Various investment opportunities exist on the Cradle Coast ranging from commercial land, investment properties to small businesses. Learn about various places for possible invest below.

RESIDENTIAL PROPERTY

The Cradle Coast Region’s building approvals are used as a leading indicator of the general level of residential development, economic activity, employment and investment. Residential building activity depends on many factors that vary with the state of the economy including interest rates, availability of mortgage funds, government spending, and business investment. At June 2017, Cradle Coast Region had a median house valuation of $252,426, $61,588 lower than the median house valuation for Tasmania.

 

COMMERCIAL PROPERTY

Rural land is used largely for agriculture (particularly dairy and beef farming and vegetable and crop growing, with some poppy and pyrethrum growing), and timber production. Mining and tourism are also important industries. The Cradle Coast Region encompasses a total land area of nearly 23,000 square kilometres. The LGA with the largest population in the Region is Devonport City, with the King Island Council area having the smallest population.

ADVANCED MANUFACTURING

The Cradle Coast offers the combined benefits of low manufacturing costs, skilled labour and competitive wages with a strong industrial base. The largest manufacturing sectors in the region are food and beverage, wood products, textiles, metal products, machinery and equipment. Established supply chain links across the mining, agriculture, and forestry sectors provide strong support for further development of value-added manufacturing in the future. Competitive advantages includes easy access to road, rail, air and sea freight, a skilled workforce and competitive cost base.

PRIMARY PRODUCTION

The Cradle Coast region has a thriving agricultural industry with some of the best farming conditions in Australia. A mild temperate climate, coupled with productive soils and access to abundant fresh water supplies creates the ideal environment for cropping, dairy, livestock, and many other niche agricultural products. A state-wide irrigation scheme introduces further possibilities for agricultural land use and ensures existing farms have a plentiful supply of water in the dryer months. As an island surrounded by pristine waters, Tasmania also offers prime positioning for the aquaculture industry.

TOURISM

Home to some of Tasmania’s and the world’s iconic natural locations such as Cradle Mountain, the Franklin River, and ‘The Nut’ at Stanley, the Cradle Coast Region is experiencing year-on-year growth in tourist numbers as local and overseas visitors flock to the region. Tourism has benefited from significant investment in recent years. Stylish accommodation, contemporary cafes and restaurants, and new activities are making the region more appealing than ever.

 

RESOURCES & MINING

The Cradle Coast region has great geological diversity with the Mt Read Volcanic Belt one of the richest mineral provinces of its type in the world. The region is a host to a number of major mines, with a small number of large-scale metallic mining operations providing a majority of Tasmania’s total unprocessed mining product. The processed metals and metal products sector is Tasmania’s largest exporter, accounting for more than 40 per cent of products sent to overseas markets. Exported commodities include ores, concentrates, and processed metals of aluminium, cadmium, copper, iron, lead, tin and zinc.

DEPARTMENT OF STATE GROWTH

The department is made up of four interrelated divisions developing a strategic approach that drives economic growth, and supports the community, industry and business in the creation of jobs and opportunities for Tasmanians. The department works across industry and services that include investment attraction, transport, infrastructure, cultural industry and tourism supply development, trade, international relations, innovation, energy, resources and region and sector development.

RENEWABLE ENERGY

Tasmania has been a forerunner in the development of renewable energy generation with more than 100 years of continued investment in renewable energy infrastructure and technology. As a result, Tasmania has an unmatched level of skill and experience among our renewable energy engineers and technicians. Tasmania is in the enviable position of having a supply of renewable energy that meets a significant proportion of the State’s energy demands as well as providing a profitable surplus for interstate export. This renewable energy is predominantly from Tasmania’s extensive hydro generation and storage schemes, but also with significant contributions from Tasmanian wind farms.

RED TOOLBOX

The Regional Economic Development (RED) Toolbox is a national platform for supporting smart, connected and sustainable regional economic development. Engage and work with others on building capability across industry sectors, promoting export, adding value  and creating a more fertile foundation for jobs and sustainable regions.

Honey from Tasmanian’s pristine  wilderness

Three generations of the Charles family have been producing premium Blue Hills Honey since it was established in 1955.

The rare Leatherwood honey is sourced from the pristine Tarkine wilderness here in the north west of Tasmania, in an area known for the world’s cleanest air and water.

Blue Hills Honey is located in the small Tasmanian district of Mawbanna, 8 km from Dips Falls and 40 minutes from Burnie Airport.

Blue Hills Honey has been exporting bulk honey to Japan for more than 50 years. In 2004 they started exporting under their own brand with varieties ranging from Leatherwood, Manuka, Tarkine Wilderness, Blackberry and Meadow Honey.

Recently, Blue Hills Honey has been successful in receiving Federal Government funding for expansion.

The million-dollar project will, over the next two years, increase its production capacity and tourism experience, building a cafe and interpretation centre which will include virtual reality.

business climate indicators

More than  20 per cent of Tasmania’s Gross State Product originates in the Cradle Coast region. Sectors such as advanced manufacturing, agri-business, and tourism have all found success in the location and benefit from collaborative business eco-systems. Emerging sectors such as renewable energy and agri-tourism are also demonstrating the propensity for future growth and success by locating in the north-west of Tasmania.

 

  • health care aND social assistance 12.7% (% of workforce)
  • manufacturing 11.1%
  • retail trade 11.1%

POPULATION

businesses

local jobs

tertiary qualified

business information & economic development portals

If you’re looking to explore the possibility of investing in the Cradle Coast, to give you and your company the information you need.
The RED Toolbox

The RED Toolbox

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The Regional Economic Development (RED) Toolbox is a national platform for supporting smart, connected and sustainable regional economic development. Engage and work with others on building capability across industry sectors, promoting export, adding value  and creating a more fertile foundation for jobs and sustainable regions.
Investment Prospectus

Investment Prospectus

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The Prospectus provides essential information about economic, geographic, natural and lifestyle attributes of the Cradle Coat Region. The data explains why the region is the logical choice to establish or expand your business in one of the finest places in the world to live, study and or do business.
Regional Dashboard

Regional Dashboard

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This online interactive resource uses Census and other key data sources data to tell a story about the demographic and economic characteristics of our region. The data is useful for leaders, managers, planners and investors. It is an important tool for evidence-based decision making and can support investment attraction.

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